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“Trump always chickens out,” briefly explained

16 1
22.01.2026

President Donald Trump disembarks Air Force One as he arrives at Zurich Airport before attending the World Economic Forum in Davos, Switzerland, on January 21, 2026. | Chip Somodevilla/Getty Images

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here.

Welcome to The Logoff: Donald Trump is once again moving markets — and being moved by them in turn.

What happened? On Wednesday afternoon, the president said in a social media post that he was backing away from new tariffs on Europe after reaching a “framework of a future deal with respect to Greenland,” potentially........

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